Most cited papers in Insurance and Financial Risk Management
What are the most cited papers in Insurance and Financial Risk Management?
The most cited paper in Insurance and Financial Risk Management is "Legal Determinants of External Finance" (RAFAEL LA PORTA, Florencio López‐de‐Silanes, Andrei Shleifer et al., 1997), with 10,059 citations. Next come "Law, finance, and economic growth in China" (4,573) and "Options, Futures and Other Derivatives" (3,987).
Showing 50 of 98 papers. Every paper with more than 552 citations is listed.
| # | Paper | ||
|---|---|---|---|
| 1 | Legal Determinants of External Finance RAFAEL LA PORTA, Florencio López‐de‐Silanes, Andrei Shleifer et al. · The Journal of Finance | Jul 1997 | 10,059 |
| 2 | Law, finance, and economic growth in China Fred H. Allen, Jun “QJ” Qian, Meijun Qian · Journal of Financial Economics | 2 Apr 2005 | 4,573 |
| 3 | Options, Futures and Other Derivatives Takeaki Kariya, Regina Y. Liu | 2003 | 3,987 |
| 4 | Conditional value-at-risk for general loss distributions R. TYRRELL ROCKAFELLAR, Stan Uryasev · Journal of Banking & Finance | Jul 2002 | 3,758 |
| 5 | THE INVERSE CARE LAW Julian Tudor Hart · The Lancet | Feb 1971 | 3,303 |
| 6 | Uncertain Lifetime, Life Insurance, and the Theory of the Consumer Menahem E. Yaari · The Review of Economic Studies | Apr 1965 | 3,303 |
| 7 | CoVaR Tobias Adrian, Markus Konrad Brunnermeier · American Economic Review | 30 Jun 2016 | 2,421 |
| 8 | Forecasting Default with the Merton Distance to Default Model Sreedhar T. Bharath, Tyler Shumway · Review of Financial Studies | May 2008 | 2,318 |
| 9 | Pricing Derivatives on Financial Securities Subject to Credit Risk Robert A. Jarrow, Stuart M. Turnbull · The Journal of Finance | Mar 1995 | 1,991 |
| 10 | Measuring Systemic Risk Viral V. Acharya, Lasse Heje Pedersen, Thomas Philippon et al. · Review of Financial Studies | 11 Oct 2016 | 1,878 |
| 11 | Capabilities, business processes, and competitive advantage: choosing the dependent variable in empirical tests of the resource‐based view Gautam Ray, Jay Bryan Barney, Waleed A. Muhanna · Strategic Management Journal | 3 Dec 2003 | 1,787 |
| 12 | The Performance of Mutual Funds in the Period 1945-1964 Michael C. Jensen · The Journal of Finance | May 1968 | 1,756 |
| 13 | Risk and Insurance in Village India Robert M. Townsend · Econometrica | May 1994 | 1,656 |
| 14 | On the coherence of expected shortfall Carlo Acerbi, Dirk Tasche · Journal of Banking & Finance | Jul 2002 | 1,628 |
| 15 | COVID-19 and finance: Agendas for future research John W. Goodell · Finance research letters | 12 Apr 2020 | 1,619 |
| 16 | The consolidation of the financial services industry: Causes, consequences, and implications for the future Allen N. Berger, Rebecca S. Demsetz, Philip E. Strahan · Journal of Banking & Finance | Feb 1999 | 1,541 |
| 17 | Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles Ravi Bansal, Amir Yaron · The Journal of Finance | Dec 2000 | 1,441 |
| 18 | Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry Peter Tufano · The Journal of Finance | Sep 1996 | 1,423 |
| 19 | The macroeconomic consequences of disasters Ilan Noy · Journal of Development Economics | 25 Feb 2008 | 1,373 |
| 20 | Efficiency decomposition in two-stage data envelopment analysis: An application to non-life insurance companies in Taiwan Chiang Kao, Shiuh-Nan Hwang · European Journal of Operational Research | 17 Jan 2007 | 1,364 |
| 21 | Goodness-of-fit tests for copulas: A review and a power study Christian Genest, Bruno Rémillard, David Beaudoin · Insurance Mathematics and Economics | 27 Nov 2007 | 1,358 |
| 22 | Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks * Jean-Noël Barrot, Julien Sauvagnat · The Quarterly Journal of Economics | 3 May 2016 | 1,354 |
| 23 | SRISK: A conditional capital shortfall measure of systemic risk Christian T. Brownlees, Robert F. Engle · IRIS - Institutional Research Information System (Libera Università Internazionale degli Studi Sociali Guido Carli) | 2017 | 1,345 |
| 24 | Review article "Assessment of economic flood damage" Bruno Merz, Heidi Kreibich, Reimund Schwarze et al. · Natural hazards and earth system sciences | 18 Aug 2010 | 1,336 |
| 25 | Risks and Portfolio Decisions Involving Hedge Funds Vikas Agarwal, Narayan Y. Naik · Review of Financial Studies | 15 Oct 2003 | 1,298 |
| 26 | Catastrophic Natural Disasters and Economic Growth Eduardo A. mname Cavallo, Sebastián Galiani, Ilan Noy et al. · The Review of Economics and Statistics | Dec 2013 | 1,291 |
| 27 | Understanding Relationships Using Copulas Edward W. Frees, Emiliano A. Valdez · North American Actuarial Journal | 1998 | 1,283 |
| 28 | Rating Banks: Risk and Uncertainty in an Opaque Industry Donald P. Morgan · American Economic Review | Aug 2002 | 1,254 |
| 29 | RETHINKING RISK MANAGEMENT René M. Stulz · Journal of applied corporate finance | Sep 1996 | 1,245 |
| 30 | On the Determinants of Corporate Hedging Deana R. Nance, Clifford W. Smith, Charles W. Smithson · The Journal of Finance | Mar 1993 | 1,229 |
| 31 | International evidence on ethical mutual fund performance and investment style Rob Bauer, Kees Koedijk, Rogér Otten · Journal of Banking & Finance | 25 Sep 2004 | 1,186 |
| 32 | Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts Emmanuel Farhi, Jean Tirole · American Economic Review | Feb 2012 | 1,172 |
| 33 | Did Securitization Lead to Lax Screening? Evidence from Subprime Loans* Benjamin J. Keys, Tanmoy K. Mukherjee, Amit Seru et al. · The Quarterly Journal of Economics | Feb 2010 | 1,156 |
| 34 | Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance * Xavier Gabaix · The Quarterly Journal of Economics | 14 Mar 2012 | 1,112 |
| 35 | Downside Risk Andrew Ang, Joseph S. Chen, Yuhang Xing · Review of Financial Studies | 2006 | 1,108 |
| 36 | The Investor Fear Gauge Robert E. Whaley · The Journal of Portfolio Management | 30 Apr 2000 | 1,093 |
| 37 | A Framework for Integrated Risk Management in International Business Kent D. Miller · Journal of International Business Studies | Jun 1992 | 1,090 |
| 38 | Market Insurance, Self-Insurance, and Self-Protection Isaac Ehrlich, Gary S. Becker · Hübner international series on risk, insurance, and economic security | 1992 | 1,076 |
| 39 | DO NATURAL DISASTERS PROMOTE LONG‐RUN GROWTH? Mark L. Skidmore, Hideki Toya · Economic Inquiry | 5 Sep 2002 | 1,053 |
| 40 | Relationship between innovation capability, innovation type, and firm performance R.P. Jayani Rajapathirana, Yan Hui · Journal of Innovation & Knowledge | 31 Aug 2017 | 1,036 |
| 41 | Testing for Asymmetric Information in Insurance Markets Pierre‐André Chiappori, Bernard Salanié · Journal of Political Economy | Feb 2000 | 1,029 |
| 42 | Early warning of bank failure Daniel Martin · Journal of Banking & Finance | Nov 1977 | 971 |
| 43 | Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios Michael C. Jensen · The Journal of Business | 1969 | 958 |
| 44 | Economic development and the impacts of natural disasters Hideki Toya, Mark L. Skidmore · Economics Letters | 14 Nov 2006 | 936 |
| 45 | Securitization without risk transfer Viral V. Acharya, Philipp Schnabl, Gustavo Suárez · Journal of Financial Economics | 17 Oct 2012 | 923 |
| 46 | Climate Finance Stefano Giglio, Bryan P. Kelly, Johannes Stroebel · Annual Review of Financial Economics | 18 Jun 2021 | 915 |
| 47 | A risk-factor model foundation for ratings-based bank capital rules Michael B. Gordy · Journal of Financial Intermediation | Jul 2003 | 909 |
| 48 | The Value of Enterprise Risk Management Robert Eugene Hoyt, Andre P. Liebenberg · Journal of Risk & Insurance | 11 Apr 2011 | 851 |
| 49 | An inconvenient cost: The effects of climate change on municipal bonds Marcus Painter · Journal of Financial Economics | 15 Jun 2019 | 818 |
| 50 | Credit risk measurement: Developments over the last 20 years Edward I. Altman, Anthony Saunders · Journal of Banking & Finance | Dec 1997 | 817 |
Citations are OpenAlex's own counts, from its 2026-09-23 snapshot, so the ranking can differ from Google Scholar or Web of Science. A paper is listed for a field when OpenAlex files it under one of the field's topics; retracted papers and papers whose citation count cannot be traced to citing works are left out, and a preprint and the article it became are shown once. Release dates are OpenAlex's: where a source gave only a month or a year, that is what is shown. How the lists are chosen.